Foreclosures down 23% in Louisiana
In an interesting piece of news, foreclosures are down 23% statewide. Compared to 28% increase nationwide, we are faring quite well! While I personally don’t think we have seen the worst of it yet, in Baton Rouge and surrounding areas, it is a good sign that our market won’t be overwhelmed – hopefully. I do hear that we will begin to see a lot of incomplete homes coming on the market from builders and contractors who are are behind and carrying too much inventory. I also see a lot of investment property coming available as well. Investors this is the time to move.
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Tim Houk
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